SANYUAN(SH:600429) Zheng Quan Zhi Xing·2025-08-27 16:18Group 1 - The company reported a total revenue of 3.226 billion RMB for the first half of 2025, with liquid milk contributing 1.993 billion RMB, solid milk 452.5 million RMB, and ice cream and others 780.5 million RMB [1][1][1] - Revenue breakdown by channel shows direct sales at 1.351 billion RMB, distributor sales at 1.463 billion RMB, and other sales at 412.1 million RMB [1][1][1] - Revenue from the Beijing region was 1.406 billion RMB, while revenue from outside Beijing was 1.821 billion RMB [1][1][1] Group 2 - The company has made strategic adjustments by focusing on operational quality, consolidating resources, and eliminating inefficient businesses [1][1][1] - The total number of distributors at the end of the reporting period was 2,336, with an increase of 357 in Beijing and a decrease of 1,482 outside Beijing [1][1][1] - In the Beijing region, the number of distributors increased by 62, while outside Beijing, it decreased by 1,253 [1][1][1]